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US Futures Moved Down As Investors Await Federal Reserve Decision On Monetary Policy
Tuesday, September 21, 2010 - 7:59am | 410US futures fell as the investors moved to the sidelines, awaiting the Federal Reserve decision on the monetary policy, today. Futures on the Dow Jones Industrial Average fell 6 points to 10,665 and S&P 500 futures moved down 0.90 points to 1,136. Nasdaq 100 futures lost 0.75 points to 1,981....
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AutoZone Earnings Preview
Tuesday, September 21, 2010 - 7:52am | 129AutoZone (NYSE: AZO) plans to announce its 4Q earnings this morning followed by a conference call at 10. Citi is expecting $5.31 per share while the Street is at $5.44. Management has indicated that going forward, GMs should benefit from direct sourcing and supply chain initiatives. In Q3,...
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AutoZone Q4 Earnings Beat Consensus
Tuesday, September 21, 2010 - 7:28am | 59AutoZone Inc (NYSE: AZO) reports its Q4 earnings at $5.66 per share, beating the consensus of $5.44 per share. AZO reports its revenue at $2.4 billion, in-line with the estimates of $2.4 billion. AZO's shares gained 2.19% to $224.97 in pre-market trading. Read more from Benzinga's Company news.
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Earnings Scheduled For September 21 (AZO, CAG, CCL, ADBE, GIS, DRI, CTAS, ALOG, PRGS)
Tuesday, September 21, 2010 - 5:31am | 239AutoZone Inc (NYSE: AZO) is expected to report its FQ4 earnings of $5.44 per share on revenue of $2.4 billion. ConAgra Foods Inc (NYSE: CAG) is likely to post its FQ3 EPS of $0.39 on $2.96 billion in revenue. Carnival Corp (NYSE: CCL) is estimated to report its FQ3 earnings of $1.47 per share on...
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Stocks To Watch For September 21 (ADBE, GDI, GE, CAG, HPQ, ORCL, AZO)
Tuesday, September 21, 2010 - 5:13am | 254Some of the stocks that may grab the investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to post its FQ3 profit at $0.49 per share. ADBE's shares gained 0.12% to $33.15 in after-hours trading. Gardner Denver Inc (NYSE: GDI) has appointed Michael Larsen as the...
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Company News for September 20, 2010 - Corporate Summary
Monday, September 20, 2010 - 7:48pm | 865• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share • General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute • Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price...
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Wells Fargo Upgrades KMX On Possibilities Of Upbeat Earnings
Monday, September 20, 2010 - 1:03pm | 117Analysts at Wells Fargo Securities upgraded CarMax Inc (NYSE: KMX) from “market perform” to “outperform” mentioning that KMX is likely to beat expectations, especially in the latter half of the year. Wells Fargo Securities added there were close to six longer term opportunities for KMX that had not...
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Wells Fargo Upgrades KMX On Possibilities Of Upbeat Earnings
Monday, September 20, 2010 - 1:02pm | 117Analysts at Wells Fargo Securities upgraded CarMax Inc (NYSE: KMX) from “market perform” to “outperform” mentioning that KMX is likely to beat expectations, especially in the latter half of the year. Wells Fargo Securities added there were close to six longer term opportunities for KMX that had not...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, September 17, 2010 - 8:36am | 345Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Acadia Realty Trust (AKR) Actel Corp (ACTL) Arrow Electronics Inc (ARW) Asbury Automotive Group Inc (ABG) Avnet Inc (AVT) View the entire Zacks #1 Rank List. ASBURY AUTO GRP (ABG): Free Stock Analysis Report ACTEL CORP (...
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AutoNation Seeing Industry Improvement
Thursday, September 16, 2010 - 9:32am | 94AutoNation, Inc. (NYSE: AN) is seeing normalized auto demand in the 15-16M range with uncertain timing and hopes to return to a more normal credit environment that will allow for a SAAR of 12-13M, 15M with sustained jobs and housing recovery, Goldman Sachs reports. Political uncertainty is another...
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Goldman Reiterates Buy On Group 1 Automotive (GPI)
Wednesday, September 15, 2010 - 6:46am | 95Goldman Sachs is reiterating its Buy rating on shares of Group 1 Automotive, Inc. (NYSE: GPI), after it met with company management yesterday. In the research note, Goldman writes, "New vehicles: While long-term new vehicle gross margins should return to 6%-6.5% levels, the company believes they...
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Bullish MACD for ABG - Tale of the Tape
Monday, September 13, 2010 - 10:51am | 114Asbury Automotive Group, Inc.’s (ABG) MACD indicator has entered into bullish territory with a reading of 0.086. The Zacks #1 Rank (“Strong Buy”) stock rose more than 1.5% to $12.98 in morning trade. The Zacks Consensus Estimate for the year ending December 2010 has increased 19 cents over the past...
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Company News for September 13, 2010 - Corporate Summary
Monday, September 13, 2010 - 10:15am | 828• Deutsche Bank (NYSE: DB) announced plans to raise at least $12.5 billion in fresh capital to meet stricter capital requirements and increase its stake in Postbank from 30% currently • Hewlett-Packard (NYSE: HPQ) confirmed its intentions to acquire ArcSight (NASDAQ: ARST) for $1.5 billion • Hertz...
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CarMax Upgraded To Neutral From Sell
Monday, September 13, 2010 - 9:00am | 85CarMax, Inc. (NYSE: KMX) has been upgraded to Neutral from Sell as profitability appears to be more sustainable, even as used car prices fade, Goldman Sachs reports. Goldman is raising earnings estimates for 2010 to $1.49 (from $1.48), 2011 to $1.51 (from $1.46) and for 2012 to $1.72 (from $1.60)....
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Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today - Tale of the Tape
Monday, September 13, 2010 - 8:36am | 351Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Acadia Realty Trust (AKR) Actel Corp (ACTL) Amtec Systems (ASYS) Asbury Automotive Group, Inc. (ABG) ASM International N.V. (ASMI) View the entire Zacks #1 Rank List. ASBURY AUTO GRP (ABG): Free Stock Analysis Report ACTEL...